Tenity, a fintech incubator and accelerator, and Julius Baer, a leading Swiss wealth management group, are pleased to announce the winners of the successful Julius Baer x Tenity Intrapreneurship Programme. The six-week programme, which ran from 27 May to 12 July 2023, brought together tertiary students from local universities in Singapore to tackle challenge statements aimed at addressing the needs of the banking industry.
The programme sought to answer challenge statements in the areas of Environmental, Social, and Governance (ESG) and data benchmarking, and sparked the creation of innovative ideas and novel approaches to providing accessible and engaging education on ESG topics, empowering the bank to guide clients towards responsible investments, and analysing industry data for benchmarking and to identify new growth opportunities.
After rigorous evaluation by Andreas Zingg, Chief Operating Officer, AsiaPacific, Julius Baer, Jonathan Chan, Head of Global Innovation, Julius Baer, and Jayadeep Apte, Senior Startup Coach at Tenity, three winning teams emerged, showcasing exceptional talent and innovative solutions to address critical industry issues. Their ideas demonstrated a keen understanding of the evolving landscape and the importance of staying informed about industry trends.
Winner: Webmorales by Ivan Chan, Kwa YuLiang and Loy Xin Jun from Singapore University of Technology and Design
- Webmorales designed a web app that utilises Natural Language Processing models and web scraping methods to help users visualise data through charts and customise dashboards based on chat prompts, saving users hours of manual work.
1st runner-up: Apex by Brayden Quah, Jasper Tan and Alexis Kong from National University of Singapore
- Apex created a dashboard that employs custom formulas and filters data from web scraping, enabling qualitative data to be quantified for benchmarking against competitors. The dashboard also incorporates feedback from Relationship Managers into management strategies.
2nd runner-up: Finsave by Koh Jin Yuen and Yew Yi from National University of Singapore and Kaizer Kipfrom Singapore Management University
- Finsave developed an ESG insights platform to provide relationship managers with the necessary tools to guide their clients towards responsible investments. The platform includes an ESG dashboard, an AI tool for portfolio augmentation, and scenario analysis capabilities.
Andreas Zingg, Chief Operating Officer, Asia Pacific at Julius Baer, said: “We are delighted to bring this Intrapreneurship Programme to Asia, and we are deeply impressed by the exceptional caliber of local tech talent we have encountered. Julius Baer takes immense pride in nurturing young talents inSingapore and remains steadfastly committed to fostering a culture of innovation. The winning teams have truly demonstrated innovative approaches to the Bank’s challenge statements and unwavering dedication to making a positive impact, which perfectly aligns with our vision and mission. We eagerly anticipate witnessing their continued growth and contributions as we collectively embrace new technologies and drive positive change within our industry.”
Jonas Thuerig, Head of Tenity Asia, said: “The competition was stiff as the teams were of high caliber. One of the programme’s highlights was the enthusiastic and committed participation of the challenge statement owners who were eager to support and collaborate with young talents. These industry professionals recognised the potential of innovative solutions and welcomed the opportunity to work closely with the students. We thoroughly enjoyed witnessing their fresh perspectives and efforts to better understand the industry’s needs.”
The winning team will embark on an exciting one-year intrapreneurship journey, working closely with Julius Baer to turn ideas into tangible solutions while also collaborating with the bank’s innovation lab, Launchpad.
The success of the Intrapreneurship Programme reaffirms JuliusBaer and Tenity’s commitment to nurturing young talent in Singapore and fostering a culture of innovation. By providing a platform for aspiring young talents to thrive, the programme has showcased the potential of collaboration between established industry players and the next generation of innovators.